Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1887-03-11

gregate annual loss is great tits very
insignificant as compared with the value
OF the property that is not burned. It
is this view Of the matter that demon
strates the fact that the money which
old line insurance companies pay out is
very small in amount as compared to
that which they take in. And when Ne
insure We do not expect that We shall
likely suffer from fire or storm, neither
does the company that insures US. 1t
does not grant q policy under the suppo-
sition that it IS at all probable that
there will ever be any loss to pay. Both
parties know that there is only bare
possibility Of loss. But tho insured can
not afford to run the risk. He can bet
tor afford to pay even the sxtortionate
rates that the stock companies charge,
and to keep on paying them year after
year, than he can to run the risk Of f1re
and storm. Hence, the companies make
money, build fine and even palatial
buildings. 5..s .is. " t.-%
There is no business done ia this
country (if 1t processes to be strictly
legitimate business) that gives 90 little
for the money that it takes in as fire in
suraace. People who do not understand
this matter, perhaps having given it no
thought, continue to carry this expen-
~;tbo,,t rar ,, =, 1sthars hane 800
ha@a ..rsan..s .o4 49,. "a 4Ln . noMoioi,
Ls sso - i i. anu .no losuls mas
u .'a.. sn1S tnutual ute auu s.vlM asso,
ciatlons nave sprung lnto existence, ana
al o. tnom 80 Iar as We Know nave
gwen entire satisfaction.
We do not know how many farmers
mutual companies are in existence in
this country, but there is large number
Of them. and thew are incressina. AZ
wnnld natnrallv Ia arnactnd fra ooonts
ana III otf,cors oftI. ia *. non,,an;as 80
49,. 49, =. S =. 49, .sta." u ~. ~
Ins ~. Pvns = P.opr.:oy ~ VIZ
Astel, unuer sucn system q insurance 3.,,
nut prophecy - poor wltnont 1uinlllllm1nent,
ana among the many letters We have re-
celved in regard to this kind OF insur-
ance, not q single intimation Of failure
or dissatisfaction has been given. It >is
insurance at cash. There is no need Of
mo annrnoms aaia r;as and mainta;n;pr' ;
.ns onoous ssaaaies "uu Manufacturing "N =
SUCCESSFUL M compe.l1lon. :,
WV, tatM tnsuialCc - Rleety sa1e
tansurance s9ynoW. n me nIst piace;
W.. NC ale not 1lequens; anu ~ tne seconu
place. snere Gan oe Dnt !. one loss y tne
saMe ~, an! y WI oe acknoWleuKeu
,tnat me burning n OF 1arm Dullaln&s 70 an
exceptlon. Inc changes OF nle are,
tneie!ore, reouceo 70 Inc mlnlmum IN
sucn INSURANCE, ana me PROOF q lts plac-
!leapnity ana cneapness IS the 1act tnat
II tnese respects the system Is s1tlsIac-
tory. lake, LOT instance, me bremeI
County Farmers Mn!nal. OF Iowa, ana
the SneioY warmers mutual OF Wlscon-
SIN. Inc ntst nancy company, operat-
ing IN ter ~ 2sxs4 miles. was organ.
lzed Marcn -, 1870, mas lncIease0 us rlsKs
annually from $1VO,OO0 to $SW,vV, unu!
now Its risks exceed $a.OU,VOO, ana
Tor the past TOUR years It's assessments
have not exceeded tour-n1ths OF mill on
ne dollar, or elgnty cents on every VI
OOO insured. This company, as anyone
can readily see, mas been SAVING TO the
farmers OF Bremer county. OF thousands
OF dollars every year. rake the next
company. which was organized October